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Business News

Location American Business News for 8 October 2022
Friday Box Office: 'Smile' Tops Again As 'Bros' Plunges 64% 'Smile' will drop just 24% in its second weekend, a shockingly strong hold for a horror movie. 'Ponniyin Selvan Part One' will drop 76% in weekend two.
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The winning manager believes that we're in the midst of a massive economic and market transformation
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China's Communist Party Congress: What It Means for Business

The New York Times - 8 Oct 2022 16:00
The opening speech by Xi Jinping, the country's top leader, could provide clues to policies with broad economic and financial implications. A new leadership team will be chosen.
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'The story is far from over,' said one skeptical adviser.
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Delta kicks off airlines earnings season on Oct. 13, and one analyst says the industry is still wrestling with the issues that have plagued it all year.
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The dark side of Ty Warner, the reclusive billionaire behind Beanie Babies Ty Warner, the secretive billionaire genius behind Beanie Babies, has a reputation as anything but a teddy bear.
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After socking away savings during the aftermath of the COVID-19 crisis, American households and businesses are watching their financial cushions rapidly deteriorate as prices have soared and the Federal Reserve has subst...
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The 'Everything App' Delusion

Wall Street Journal - 8 Oct 2022 18:03
​Turning niche apps such as Twitter into super apps modeled after China's WeChat is easier said than done.
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Biggest Movers: XRP Nears 5-Month High to Start the Weekend Xrp, the token formerly known as ripple, rose close to a five-month high on Saturday, despite the current red wave sweeping through markets. The token was trading marginally above a ceiling of $0.525, as bulls attempted ...
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Gas prices differ from state to state. Will the OPEC cut in oil production make it worse? The OPEC+ decision to cut oil production could impact gas prices across the country.      
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Investors are betting heavily on a decline in stock prices. They're usually right, according to research.
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A US state department spokesperson told the FT Hong Kong's harboring of the sanctioned yacht called into question its business environment.
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Wells Fargo Funds Small Business Grant Programs in Multiple U.S. Cities Wells Fargo has allocated funds to several cities as part of a larger initiative to support underserved communities.
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Visa and FTX Partner to Launch Debit Card in 40 Countries - Here's What You Need to Know Payments giant Visa and crypto exchange FTX have inked a partnership to allow crypto holders from 40 countries to spend their digital assets when shopping. ...
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How the Head of Arby's and Dunkin' Learned to Care About Company Culture Inspire Brands CEO Paul Brown says his time at Hilton taught him that brand identity trumps an operating manual.
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Rivian Recalls 13,000 Electric Vehicles Over a Steering Issue The announcement covers nearly all of the vehicles the company has delivered to date, though it said the problem had affected only a small number.
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Twitter, Exxon, Credit Suisse: Stocks That Defined the Week

Wall Street Journal - 8 Oct 2022 02:50
Here are seven major companies whose stocks moved on the week's news.
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IRS Delays New Guidelines for Inherited IRAs

Wall Street Journal - 8 Oct 2022 02:40
Penalties will be waived for some taxpayers with inherited IRAs who skip required 2021 and 2022 withdrawals.
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'Made In America' Should Not Mean 'Made Under Injustice' While "made in America" might mean more domestic jobs, that doesn't mean these jobs will be good ones. There's a misguided, and often xenophobic, notion that factories overseas are to blame for worker exploitation & disa...
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Nantucket On Alert For Next DeSantis Migrant Drop-Off As Documents Suggest He Planned More Flights After Martha's Vineyard stunt, critics of the Florida governor wonder where he may ship asylum seekers next.
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The Utah trial has highlighted what the defendants argue is a lack of transparency for the treatment of animals at large corporate farms.
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The owner of Caws Teifi Cheese wants more help for companies who use oil or liquefied petroleum gas.
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